Archive for October, 2009

84,000SF Former Call Center in PA to Become Office Space

Wednesday, October 28th, 2009
A former Verizon call center in Upper Darby, Pa., has been acquired by a buyer with plans to transform the 84,000-square-foot property into office space. pa href="http://feedads.g.doubleclick.net/~a/i1-OvYNBQgGamYmq91t101La6Nw/0/da"img src="http://feedads.g.doubleclick.net/~a/i1-OvYNBQgGamYmq91t101La6Nw/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/i1-OvYNBQgGamYmq91t101La6Nw/1/da"img src="http://feedads.g.doubleclick.net/~a/i1-OvYNBQgGamYmq91t101La6Nw/1/di" border="0" ismap="true"/img/a/p
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Jersey City Trumps Manhattan, Landing Big Fish with DTCC’s 415,000SF Office Lease

Wednesday, October 28th, 2009
New York's loss is New Jersey's gain, as the Depository Trust amp; Clearing Corporation reveals plans to relocate 1,600 members of its 2,300-member staff to 415,000 square feet of space at the Newport Office Center in Jersey City. It's not a total defeat for New York, however; DTCC will keep its headquarters and its remaining 700 employees in Lower Manhattan. pa href="http://feedads.g.doubleclick.net/~a/k5IljI36B4VC0OobO0dWYGaH4aA/0/da"img src="http://feedads.g.doubleclick.net/~a/k5IljI36B4VC0OobO0dWYGaH4aA/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/k5IljI36B4VC0OobO0dWYGaH4aA/1/da"img src="http://feedads.g.doubleclick.net/~a/k5IljI36B4VC0OobO0dWYGaH4aA/1/di" border="0" ismap="true"/img/a/p
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Berger to Lead NYC Leasing for Monday Properties

Wednesday, October 28th, 2009
Private real estate firm Monday Properties has tapped former Jones Lang LaSalle vice president Jordan Berger as the firm’s new director in its New York office. pa href="http://feedads.g.doubleclick.net/~a/OcOIYCRTcgNO_tbIwWiuOcTXluU/0/da"img src="http://feedads.g.doubleclick.net/~a/OcOIYCRTcgNO_tbIwWiuOcTXluU/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/OcOIYCRTcgNO_tbIwWiuOcTXluU/1/da"img src="http://feedads.g.doubleclick.net/~a/OcOIYCRTcgNO_tbIwWiuOcTXluU/1/di" border="0" ismap="true"/img/a/p
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While Other Projects Languish, $500M Suburban Boston Film Studio Takes Next Step

Wednesday, October 28th, 2009
The frozen credit market and shattered economy have caused the interruption or outright cancellation of development project after development project across the country, but such is not the case for an unlikely 1.8 million-square-foot mixed-use endeavor in Plymouth, Mass., about 40 miles south of Boston. Having just secured the Plymouth Planning Board's approval of a master site plan, developers of Plymouth Rock Studios can now proceed with on- and off-site activities for the fully funded, $500 million film and television studio compound. pa href="http://feedads.g.doubleclick.net/~a/mz4IhHKS3uflZVGW3gTO33RgzH0/0/da"img src="http://feedads.g.doubleclick.net/~a/mz4IhHKS3uflZVGW3gTO33RgzH0/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/mz4IhHKS3uflZVGW3gTO33RgzH0/1/da"img src="http://feedads.g.doubleclick.net/~a/mz4IhHKS3uflZVGW3gTO33RgzH0/1/di" border="0" ismap="true"/img/a/p
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Timberland Renews 246,000SF HQ Lease in New Hampshire

Wednesday, October 28th, 2009
New England-based real estate firm Altid Enterprises L.L.C. has inked a 246,000-square-foot office lease renewal with apparel maker The Timberland Co., in Stratham, N.H. pa href="http://feedads.g.doubleclick.net/~a/GgUPtgAlE1tNoch7fLrin4ch4v8/0/da"img src="http://feedads.g.doubleclick.net/~a/GgUPtgAlE1tNoch7fLrin4ch4v8/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/GgUPtgAlE1tNoch7fLrin4ch4v8/1/da"img src="http://feedads.g.doubleclick.net/~a/GgUPtgAlE1tNoch7fLrin4ch4v8/1/di" border="0" ismap="true"/img/a/p
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HFF Nets $23M in Acquisition Financing for NJ Retail Buy

Wednesday, October 28th, 2009
The New Jersey office of Holliday Fenoglio Fowler L.P. has arranged $23.8 million in acquisition financing for Neptune Plaza Shopping Center, a grocery-anchored shopping center in Neptune, N.J. pa href="http://feedads.g.doubleclick.net/~a/_R_Cpywj6WmrlruAv50NQYGuZX0/0/da"img src="http://feedads.g.doubleclick.net/~a/_R_Cpywj6WmrlruAv50NQYGuZX0/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/_R_Cpywj6WmrlruAv50NQYGuZX0/1/da"img src="http://feedads.g.doubleclick.net/~a/_R_Cpywj6WmrlruAv50NQYGuZX0/1/di" border="0" ismap="true"/img/a/p
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Despite Office Market Slump, 1M-SF Connecticut Campus Trades in $72M Deal

Wednesday, October 28th, 2009
It's an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in a $72.4 million merger transaction. The deal is a coup for Connecticut, as well as its neighbors, as it marks the largest multi-tenant office transaction in the suburban New York Tri-State area so far this year. pa href="http://feedads.g.doubleclick.net/~a/QyCIdYGZ13l9aDbPcC7IomRBaGM/0/da"img src="http://feedads.g.doubleclick.net/~a/QyCIdYGZ13l9aDbPcC7IomRBaGM/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/QyCIdYGZ13l9aDbPcC7IomRBaGM/1/da"img src="http://feedads.g.doubleclick.net/~a/QyCIdYGZ13l9aDbPcC7IomRBaGM/1/di" border="0" ismap="true"/img/a/p
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Grubb amp; Ellis Adds 3 to Capital Markets Group

Wednesday, October 28th, 2009
Grubb amp; Ellis Co. has appointed a trio of professionals to serve as executive vice presidents in the firm’s capital markets division. The newly-hired team includes Jon Epstein, Charles Kingsley and Yoav Oelsner, all formerly with Cushman amp; Wakefield Inc. pa href="http://feedads.g.doubleclick.net/~a/jQmn-zDBmyI_BDezCsoVgsP19FY/0/da"img src="http://feedads.g.doubleclick.net/~a/jQmn-zDBmyI_BDezCsoVgsP19FY/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/jQmn-zDBmyI_BDezCsoVgsP19FY/1/da"img src="http://feedads.g.doubleclick.net/~a/jQmn-zDBmyI_BDezCsoVgsP19FY/1/di" border="0" ismap="true"/img/a/p
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CREW Keynote: Lingering Unemployment No Surprise; All Recoveries are Jobless

Wednesday, October 28th, 2009
The economic crisis started with a credit crunch, has undergone the containment stage with the government providing bailout packages and stimulus money, and is now in the resolution stage, said Marci Rossell, former chief economist for CNBC, who was a keynote speaker at the CREW Network’s convention in Boston last week. pa href="http://feedads.g.doubleclick.net/~a/CGL2oHD_0qd3hls69gP7lC1PDl8/0/da"img src="http://feedads.g.doubleclick.net/~a/CGL2oHD_0qd3hls69gP7lC1PDl8/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/CGL2oHD_0qd3hls69gP7lC1PDl8/1/da"img src="http://feedads.g.doubleclick.net/~a/CGL2oHD_0qd3hls69gP7lC1PDl8/1/di" border="0" ismap="true"/img/a/p
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Economy Watch - Mortgage Reforms From Out West

Wednesday, October 28th, 2009
California Gov. Arnold Schwarzenegger signed green legislation over the weekend, as covered by CPE on Monday, but also nestled in the raft of bills that he signed were major overhauls of the rules governing residential mortgages. The thrust of the reforms was to help prevent some of the mortgage origination abuses that were rampant in the mid-2000s, and which did their part to inflate the housing bubble. pa href="http://feedads.g.doubleclick.net/~a/uQ-yzx6dnlLskpdv-yHg-zHYgcs/0/da"img src="http://feedads.g.doubleclick.net/~a/uQ-yzx6dnlLskpdv-yHg-zHYgcs/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/uQ-yzx6dnlLskpdv-yHg-zHYgcs/1/da"img src="http://feedads.g.doubleclick.net/~a/uQ-yzx6dnlLskpdv-yHg-zHYgcs/1/di" border="0" ismap="true"/img/a/p
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